Introduction:
Versace is a renowned Italian luxury fashion company founded by the legendary designer Gianni Versace in 1978. Known for its bold designs, vibrant colors, and opulent aesthetics, Versace has become a symbol of luxury and sophistication in the fashion world. Over the years, the ownership of Versace has undergone several changes, leading to speculation and curiosity about who currently owns the iconic brand. In this article, we will delve into the intricate ownership structure of Versace, exploring who owns Versace, who runs the company today, and whether Donatella Versace still has ownership stake in the brand. Additionally, we will also touch upon the ownership of other prominent fashion brands, such as Michael Kors, Stuart Weitzman, and Jimmy Choo.
Who is Versace Owned by:
The ownership of Versace has evolved significantly since its inception. Initially founded by Gianni Versace, the company was a family-owned business until Gianni's tragic death in 1997. Following his passing, his sister Donatella Versace took over the creative direction of the brand, while his brother Santo Versace managed the business operations. The Versace family maintained ownership of the company until 2018 when an acquisition took place.
Who Owns Versace Company Now:
In 2018, the American fashion group Michael Kors Holdings Limited, now known as Capri Holdings, acquired Versace for a reported sum of $2.12 billion. The acquisition marked a significant milestone for both companies, as it brought together two iconic brands with distinct identities. Under the ownership of Capri Holdings, Versace continues to operate as a separate entity within the portfolio, preserving its unique brand DNA and creative vision.
Who Runs Versace Today:
Following the acquisition by Capri Holdings, Donatella Versace retained her role as the Creative Director of Versace. With her unparalleled vision and design expertise, Donatella continues to steer the brand towards new heights of success, staying true to the legacy of her late brother Gianni. While Capri Holdings oversees the business operations and strategic direction of Versace, Donatella remains the driving force behind the brand's creative endeavors, ensuring that Versace remains at the forefront of the fashion industry.
Does Donatella Still Own Versace:
Despite the acquisition by Capri Holdings, Donatella Versace still holds a stake in the company and retains her position as the Creative Director. Her continued involvement in the brand's creative direction underscores her commitment to preserving the Versace legacy and ensuring its continued relevance in the ever-evolving fashion landscape. Donatella's influence and creative vision are integral to Versace's success, making her a key figure in the brand's ongoing journey.
Michael Kors Owned by:
Michael Kors, the eponymous fashion brand founded by American designer Michael Kors, was acquired by Capri Holdings in 2017, a year before the acquisition of Versace. The consolidation of Michael Kors and Versace under Capri Holdings created a diversified luxury fashion group with a strong global presence and a diverse brand portfolio. The acquisition of Michael Kors further solidified Capri Holdings' position as a leading player in the luxury fashion industry.
Versace Owner Name:
Currently, Capri Holdings is the owner of Versace, having acquired the iconic Italian fashion house in 2018. The acquisition of Versace by Capri Holdings was a strategic move aimed at expanding the company's luxury brand portfolio and capturing new market opportunities. By bringing Versace under its umbrella, Capri Holdings has strengthened its position in the high-end fashion segment and enhanced its global footprint.
Who Owns Stuart Weitzman:
Stuart Weitzman, the renowned luxury footwear brand known for its high-quality craftsmanship and iconic designs, is owned by Tapestry, Inc., a leading American luxury fashion holding company. Tapestry, Inc. acquired Stuart Weitzman in 2015, adding the prestigious footwear brand to its portfolio alongside other well-known labels such as Coach and Kate Spade. The acquisition of Stuart Weitzman bolstered Tapestry's presence in the luxury footwear market and further diversified its brand offerings.
Who Owns Jimmy Choo:
Jimmy Choo, the British luxury footwear and accessories brand coveted by fashion enthusiasts worldwide, is owned by Capri Holdings. The acquisition of Jimmy Choo by Capri Holdings in 2017 was a strategic move aimed at expanding the company's presence in the high-end fashion market and diversifying its brand portfolio. By adding Jimmy Choo to its roster of luxury brands, Capri Holdings strengthened its position as a key player in the global luxury fashion industry.
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